Abstract:

This study has studied the economic growth relationship with TFV for the BRICS (Brazil, Russia, India, China, South Africa) economies seen as emerging stars. The application has been researched by the panel data analysis method of the economic growth relationship with TFV for the 2000-2016 period. The study analyzed the long-term relationship between the relevant countries’ TFV and GDP with the Westerlund (2007) LM Bootstrapt integration test, which took into account the homogenity (delta) test and the horizontal cutting dependency of the countries. The study in this regard contributes to a better understanding of the resources of growth in the developing BRICS economies that are not yet fully studied in the current literature. According to the results of the analysis, a long-term relationship between the variables has been detected. The findings of the study support that TFV is an important indicator in the source of economic growth in the BRICS economies.

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